Vijayawada East MLA G Ramamohan Rao today inaugurated the three-day Andhra Bank Amaravathi Trade Fair-2015 to mark the diamond Jubilee celebrations of Vijayawada Chamber of Commerce and Industry.
On the occasion, Rao appealed to the industry players to be partners in development of the new capital city of Andhra Pradesh 'Amaravathi' and also in the comprehensive development of the state.
Andhra Bank General Manager Ajay Gupta said his bank is committed for the growth of trade and industry in the city.
"Andhra Bank is now concentrating on providing loans under Prime Minister's MUDRA scheme to the extent of Rs 10 lakh to each MSME at a lower rate of interest," Gupta said.
He requested the MSMEs (Micro Small and Medium Enterprises) to utilise the opportunity to improve their business.
President of Vijayawada Chamber of Commerce and Industry, V Bhaskara Rao, explained the role of the industry body in supporting the business houses.
Andhra Bank, Deputy General Manager GSV Krishna Rao and other prominent businessmen and industrialists also attended the function.
About 60 business houses are participating in the trade fair.
